Prop 31: [SIPS-030] Authorize the Real Yield USD Cellar

This proposal is for the authorization of the Real Yield USD Cellar. The strategy for the cellar is provided by 7Seas Capital.

Real Yield USD is the first strategy to make use of the Cellars V2 architecture. The goals of the strategy are to maximize organic stablecoin yield on USDT, USDT, and DAI. By “organic” we mean yield that results from app usage (fees) rather than incentives. More information about the strategy, including strategy description and backtesting results can be found in the original forum post:

https://community.sommelier.finance/t/sips-030-upcoming-real-yield-usd-cellar-proposal-cellars-v2-architecture/1051

If approved, the chain will accept signed function calls submitted to the cellar contract from the cellar manager.

Name: Real Yield USD

Cellar share token: YieldUSD

Platform fee: 0.5% (0.4% for strategy provider + 0.1% for protocol)

Performance fee: 0%

Strategy provider: 7Seas Capital (https://www.7seas.capital/)

Cellar address: 0x97e6E0a40a3D02F12d1cEC30ebfbAE04e37C119E

Etherscan: https://etherscan.io/address/0x97e6E0a40a3D02F12d1cEC30ebfbAE04e37C119E

Source: https://github.com/PeggyJV/cellar-contracts/blob/main/src/base/Cellar.sol

Audits (Macro): https://0xmacro.com/library/audits/sommelier-4.html